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Around the World's Markets: New York

THE DOW Jones stormed into record territory once again as gains by blue-chip stocks drove the 30-stock average ahead of the rest of the US stock market.

The Dow was up 57 points, or half a percentage point, at 10,778 at midday. But technology stocks were lower as a nervous market awaited the publication of America Online's earnings report. A trader said: "It's good to see that the movement into cyclical stocks a week ago was not just a short- term blip."